Is Retiree Medical And Life Insurance Plan For Former Consumers And Amer Legit?
Quick charity verification for Retiree Medical And Life Insurance Plan For Former Consumers And Amer (EIN: 10520871)
Verdict: Retiree Medical And Life Insurance Plan For Former Consumers And Amer appears trustworthy
85/100Mission Score
$3.7MRevenue
$7.1MAssets
2Red Flags
4Strengths
Red Flags
Consistent expense exceeding revenue in recent years (e.g., 2023, 2022, 2020, 2018, 2017), indicating reliance on asset drawdowns.
Unknown NTEE code, which limits peer comparison and understanding of its specific programmatic focus.
Strengths
Consistent reporting of 0% officer compensation, indicating efficient use of funds and potentially volunteer leadership.
Substantial asset base ($7,435,515 in 2023) providing financial stability for long-term commitments.
Absence of liabilities in most filing periods, including the latest 2023 filing, demonstrating strong financial health and minimal debt.
Regular filing of IRS Form 990s, indicating good transparency and compliance.
Spending Breakdown
How Retiree Medical And Life Insurance Plan For Former Consumers And Amer allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Retiree Medical And Life Insurance Plan For Former Consumers And Amer
Is Retiree Medical And Life Insurance Plan For Former Consumers And Amer a legitimate charity?
Based on AI analysis of IRS 990 filings, Retiree Medical And Life Insurance Plan For Former Consumers And Amer (EIN: 10520871) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Retiree Medical And Life Insurance Plan For Former Consumers And Amer a good charity to donate to?
Retiree Medical And Life Insurance Plan For Former Consumers And Amer has a Mission Score of 85/100. Revenue: $3.7M. Assets: $7.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Retiree Medical And Life Insurance Plan For Former Consumers And Amer?
The Employer Identification Number (EIN) for Retiree Medical And Life Insurance Plan For Former Consumers And Amer is 10520871. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Retiree Medical And Life Insurance Plan For Former Consumers And Amer spend its money?
Retiree Medical And Life Insurance Plan For Former Consumers And Amer allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Retiree Medical And Life Insurance Plan For Former Consumers And Amer's tax-exempt status?
You can verify Retiree Medical And Life Insurance Plan For Former Consumers And Amer's tax-exempt status using EIN 10520871 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Retiree Medical And Life Insurance Plan For Former Consumers And Amer appears to be a well-managed organization with a clear financial purpose, primarily focused on providing benefits. The organization consistently reports zero officer compensation across all available filings, indicating a volunteer-led or externally managed structure, which can be a positive sign for donor confidence regarding executive pay. However, the NTEE code is unknown, which limits a full understanding of its programmatic classification and impact. The organization's assets have fluctuated, but generally remain substantial relative to its annual revenue and expenses, suggesting a stable financial base for its long-term commitments.
Financially, the organization has experienced periods where expenses exceeded revenue, such as in 2023 ($528,353 expenses vs. $290,113 revenue) and 2022 ($508,835 expenses vs. $286,871 revenue), indicating it is drawing down on its reserves or relying on prior period surpluses. This is not necessarily a red flag for an organization providing long-term benefits, as it may be structured to disburse funds over time. The absence of liabilities in most years, including the latest 2023 filing, points to strong financial management and a lack of significant debt burden.
Given its nature as a retiree benefit plan, the traditional 'program spending' metrics might not apply in the same way as a direct service charity. The primary 'program' is the provision of medical and life insurance benefits. The consistent reporting of zero officer compensation enhances its transparency profile, as does the regular filing of IRS Form 990s. The organization's financial health appears stable, with sufficient assets to cover its operational needs, despite recent years of expense exceeding revenue.